Public Works Loan Board

(asked on 20th May 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the PWLB principal and debt repayments for local authorities in the 2020-21 financial year.


Answered by
John Glen Portrait
John Glen
Shadow Paymaster General
This question was answered on 4th June 2020

The following table details expected Public Works Loan Board (PWLB) repayments in 2020-21 to the nearest £ million, for all UK local authorities and for Scottish local authorities only.

Principal

Interest

Total

UK

£2,700 million

£3,080 million

£5,779 million

o/w Scotland

£372 million

£421 million

£793 million

Most PWLB loans are structured as maturity loans so that local authorities repay no principal in any given year.

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